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Author Archives: vineethv

For Rewa project, we’re not interested in profits: Manu Shrivastava

According to reports, enthused by record low solar tariff of Rs2.97 per kilo-watt hour conducted for Rewa Ultra Mega Power Ltd, a joint venture of Solar Energy Corp. of India Ltd (SECI) and Madhya Pradesh Urja Vikas Nigam Ltd (MPUVNL), the state government plans to set up large solar power projects to help meet India’s clean energy requirements. In an interview, Manu Shrivastava, managing director, MPUVNL, talks about the possibility of tariffs falling further and firms such as PTC India ... Read More »

Dark side of the shift to renewables

According to reports, harnessing renewable energy and protecting the environment are welcome intentions. But, how far can we push the agenda, and how fast? The stress is showing in terms of low capacity utilisation in thermal power, made worse by the demand slump. Prime Minister Narendra Modi had fixed a lofty goal of reaching 175GW renewable energy (RE) capacity by 2022. This includes a five-fold rise in the National Solar Mission target to 100GW capacity in 2022. This is a ... Read More »

Suzlon Energy set to sell stake in 130 mw projects

According to reports, Suzlon Energy has divested 49% stake in solar power projects totalling 210 mw and is in advanced talks to sell stake in another 130 mw projects in a deal that the company aims to close before March, said Kirti Vagadia, group chief financial officer. The company had divested 49% in six projects totalling 210 mw to raise Rs 176 crore. Further stake sale could potentially fetch the company another Rs 110 crore. Wind turbine maker Suzlon announced its ... Read More »

Solar power prices hit historic low, cheaper than fossil fuel for the first time

According to reports, the price of electricity production using solar energy is increasingly outpacing other alternate sources. According to a report in the World Economic Forum, Solar and wind energy are finally at par or cheaper than fossil fuel capacity in more than 30 countries. Recently, following a bidding process, Mahindra Renewables, Solenergi Power and Acme Solar Holdings were awarded the contract to build and operate a 750MW Rewa ultra mega solar park in Madhya Pradesh. This solar park will ... Read More »

Solar power breaks a price barrier

According to reports, in another barrier-breaking development, the auctioned price of solar photovoltaic (SPV) power per kilowatt hour has dropped below ₹3 to ₹2.97 in Madhya Pradesh, providing a clear pointer to the future course of renewable energy. The levellised tariff — factoring in a small annual increase for a given period of time — for the 750 MW Rewa project over a 25-year period is ₹3.29, which is less than half the rate at which some State governments signed ... Read More »

Solar tariff reaches a historic low of Rs 2.97 a unit at Rewa bidding

According to reports, in what could be termed as an historical event for the Indian solar sector, the first year tariff for the 750 Megawatt Rewa solar park, achieved through reverse bidding, has gone to record low level of Rs 2.97 per unit. The lowest first year tariff for unit I of the solar power plant has been quoted by Mahindra Renewables at Rs 2.979 while for the second unit, Acme Solar has become the successful bidder with a tariff ... Read More »

Rs 600 crore allocated for “Grid connected Rooftop and small Solar Power Plants Programme”

An amount of Rs. 600 crore has been allocated for the projects under “Grid Connected Rooftop and Small Solar power Plants Programme” and Rs. 508.84 Crore has been released till 31.01.2017. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, Mines New & Renewable Energy and Mines in a written reply to a question in Lok Sabha today. The Ministry of New & Renewable Energy (MNRE) has been  promoting “Grid Connected Rooftop and Small Solar ... Read More »

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